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34 results for “penalty u/s 271”+ Exemptionclear

Sorted by relevance

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Key Topics

Section 271(1)(c)42Penalty31Addition to Income30Section 3718Section 143(3)17Section 14816Disallowance16Section 254(1)13Section 147

YASH BHUPESHBHAI TAMAKUWALA,SURAT vs. INCOME TAX OFFICER, WARD - 2(2)(5), NOW INCOME TAX OFFICER - 1(2)(6), SURAT

In the result, grounds of appeal raised by the assessee are allowed

ITA 580/SRT/2023[2013-14]Status: DisposedITAT Surat29 Dec 2023AY 2013-14

Bench: Shri Dr. A. L. Sainiआयकर अपील सं./Ita No.580/Srt/2023 Assessment Year: (2013-14) (Physical Hearing) Yash Bhupeshbhai Tamakuwala, Vs. The Ito, 1/208, Kharadi Sheri, Nanpura, Ward- 1(2)(6), Surat – 395001. Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ajypt3602P (Appellant) (Respondent)

Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 274

u/s 271(1) (c ) of the Act, for furnishing inaccurate particulars of income and concealment of income should be initiated separately. 4. During penalty proceedings, the assessee submitted its reply, which is reproduced below: “At the outset, I take this opportunity to correct one inadvertent and unintentional error which took place while filing my return of income for the AY.2013-14

Showing 1–20 of 34 · Page 1 of 2

13
Section 54E11
Section 27110
Deduction10

RAJ KISHORE PRASAD,AHMEDABAD vs. INCOME TAX OFFICER, WARD - 3, VALSAD

In the result, appeal filed by the assessee is allowed

ITA 146/SRT/2023[2012-13]Status: DisposedITAT Surat04 Sept 2023AY 2012-13

Bench: Shri Dr. A. L. Sainiआयकर अपील सं./Ita No.146/Srt/2023 Assessment Year: (2012-13) (Virtual Hearing) Raj Kishore Prasad, Vs. The Ito, 201, 2Nd Floor, Devashish Complex, Ward-3, Nr. Regenta Central Antarim Hotel, Valsad Off Cg Road, Ahmedabad "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aitpp0535A (Assessee) (Respondent)

Section 10(5)Section 144Section 147Section 271(1)(c)

exemption as per the provisions u/s 10(5) of the IT. Act, 1961.Therefore, the Assessing Officer initiated penalty proceedings u/s 271

SHRI JERAMBHAI PARSOTTAMBHAI THESIA,,SURAT vs. THE DY. CIT, CIRCLE-2(3),, SURAT

In the result, appeal of the assessee is allowed

ITA 1574/AHD/2017[2008-09]Status: DisposedITAT Surat12 Feb 2020AY 2008-09

Bench: Shri Sandeep Gosain, Hon'Ble & Shri O.P.Meena, Hon'Bleआ.अ.सं./I.T.A No.1574/Ahd/2017 "नधा"रण वष"/Assessment Year: 2008-09 Shri Jerambhai Parsottambhai V The Deputy Commissioner Thesia, A-17, Vithal Nagar, S Of Income Tax, Circle-2(3), Surat. Hirabaug, Varchha Road, Surat. . [Pan: Aampt 5791 K] अपीलाथ" / Appellant ""यथ"/Respondent "नधा"रतीक"ओरसे /Assessee By Shri Sapnesh R.Sheth – Ca राज"वक"ओरसे /Revenue By Mrs. Anupam Singla – Sr.Dr

Section 271Section 271(1)(c)Section 68

u/s 271 (J)(c) & that is clearly not the intendment of the Legislature. The ratio of above decision of Honourable Supreme Court is directly applicable to the facts of instant case & hence, penalty imposed by assessing officer is required to be deleted. Without prejudice to the above, it is further submitted that tax on above addition

SHRI VIJAY CHAMPAK PATEL,SURAT vs. THE INCOME TAX OFFICER, WARD-6(4), SURAT

In the result, appeal filed by the assessee is allowed

ITA 281/AHD/2016[2011-12]Status: DisposedITAT Surat09 Oct 2020AY 2011-12

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.281/Ahd/2016 ("नधा"रणवष" / Assessment Year: 2011-12) Vijay Champak Patel, Vs. Income Tax Officer, Pachhlu Faliyu, Near Water Ward-6(4), Surat Tank, Bharthana, Vesu, Surat

For Appellant: Shri Rasesh Shah - CAFor Respondent: Shri O P Meena – Sr. DR
Section 139Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 54ESection 54F

u/s 54F of the Act, “for concealment and furnishing inaccurate particulars of income.” Hence, there is no definite charge (fix charge), as pointed out by the ld. Counsel for the assessee. 19. As stated above, no clear finding was given by the assessing officer regarding the invocation of the limb in the penalty order the assessing officer levied the Vijay

THE ITO, WARD -1,, SURAT vs. SHREE MADHI SURALI VIBHAG NAGRIK SAHAKARI DHIRAN MANDLI LTD., SURAT

In the result, appeal filed by the Revenue is dismissed

ITA 612/AHD/2016[2010-11]Status: DisposedITAT Surat12 Feb 2020AY 2010-11

Bench: Shri Sandeep Gosain, Hon'Ble & Shri O.P.Meena, Hon'Bleआ.अ.सं./I.T.A No.612/Ahd/2016 "नधा"रण वष"/Assessment Year: 2010-11 The Income Tax Officer, Vs. Shree Madhi Surali Vibhag Nagrik, Ward-1, Bardoli. Sahakari Dhiran Mandli Ltd., Madhi, Tal.Bardoli, Dist: Surat. [Pan: Aadas 5644 L] अपीलाथ" / Appellant ""यथ"/Respondent "नधा"रतीक"ओरसे /Assessee By Shri Shaunak Zaveri– Ca & Shri Yogesh Gamit - Advocate राज"वक"ओरसे /Revenue By Shri Sreenivas T.Bidari – Cit-Dr

Section 143(3)Section 269SSection 271Section 271DSection 271ESection 274

271 E of the Income Tax Act for the assessment year 2010-11. 5. Being aggrieved, the Revenue filed this appeal before this Tribunal on the grounds mentioned hereinabove. All the grounds raised by the Revenue are inter-related and inter-connected and relates to challenging the order of ld.CIT(A) in deleting penalty levied u/s.271D & 271E of the Income

KHILAN N. PATEL (HUF),SURAT vs. THE DCIT, CIRCLE-2(3), SURAT

In the result, appeal of the assessee is allowed for statistical purpose

ITA 429/SRT/2024[2016-17]Status: DisposedITAT Surat29 Jan 2025AY 2016-17

Bench: Shri Pawan Singh & Shri Bijayananda Prusethआयकर अपील सं./Ita No.429/Srt/2024 Assessment Year: (2016-17) (Hybrid Hearing) Khilan N. Patel (Huf), Vs. The Dcit, 6/2201, Nagarsheri, Mahidharpura, Circle – 2(3), Surat – 395003 (Gujarat) Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aakhk6987L (Appellant) (Respondent) Appellant By Shri Akshay M. Modi, Ca Respondent By Shri Mukesh Jain, Sr. Dr Date Of Hearing 27/01/2025 Date Of Pronouncement 29/01/2025

Section 10(34)Section 143(3)Section 250Section 271(1)(c)Section 68

Penalty proceedings u/s 271(1)(c) were initiated for furnishing inaccurate particulars of income. 4. Aggrieved by the order of AO, the assessee filed this appeal before the CIT(A). The CIT(A) had issued six notices fixing the hearing on 15.01.2021, 12.06.2023, 17.07.2023, 17.10.2023, 12.01.2024 and 09.02.2024. The assessee sought adjournment on five occasions and did not respond

VIJAYBHAN SINGH RAJPUT,SURAT vs. ITO, WARD-2(3)(4), SURAT, SURAT

In the result, the grounds of appeal raised by the assessee are allowed

ITA 3/SRT/2023[2011-12]Status: DisposedITAT Surat26 Jul 2023AY 2011-12

Bench: Shri Pawan Singh(Physical Hearing) Vijaybhan Singh Rajput, I.T.O., Plot No. 131/3, Near Shrisati Tex Ward-2(3)(4), Vs. Prints, Gidc, Pandesara, Surat. Surat. Pan No. Abxpr 3970 L Appellant/ Assessee Respondent/ Revenue

Section 143(3)Section 148Section 254(1)Section 271(1)(c)Section 50CSection 54F

exemption under Section 54F of the Act. The assessee levied penalty of Rs. 9,30,325/- being 100% of tax sought to be evaded vide order dated 31/03/2017. 3. Aggrieved by the penalty, the assessee filed appeal before the ld. CIT(A). Before the ld. CIT(A), the assessee filed detailed written submission and relied on various case laws

NA vs. ARI MALESAR BEHDIN ANJUMAN,NAVSARIVS.INCOME TAX OFFICER, EXEMPTION WARD, SURAT

In the result, appeal of the assessee is allowed in terms of our aforesaid observations

ITA 336/SRT/2023[2013-14]Status: DisposedITAT Surat14 Aug 2023AY 2013-14

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.336/Srt/2023 (Ay 2013-14) (Hearing In Virtual Court) Navsari Malesar Behdin Income Tax Officer, (Exemption) Ward, Room Anjuman, Agary Street, Vs No.105, 1St Floor, Anavil Malesar, Business Centre, Aayakar Navsari-396445 Bhavan, Adajan Hazira Road, Pan No. Aaatn 6124 C Adajan, Surat-395007 ""थ" /Respondent अपीलाथ"/Appellant

Section 11Section 156Section 254(1)Section 271(1)(c)

exemption should be available on the date of registration as the assessment of the year was pending because as per chronology of events the assessee had already applied for registration u/s 12A on 03.03.2016 and the assessment order was passed on 15.03.2016. However, the registration u/s 12AA of the Act was granted on 28.03.2016 and the same was also produced

ITO, WARD 1(3)(1), SURAT, SURAT vs. AMITBHAI VASANTLAL SHAH, SURAT

In the result, appeal of the Revenue is dismissed

ITA 474/SRT/2023[2009-10]Status: DisposedITAT Surat13 Sept 2023AY 2009-10

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.474/Srt/2023 (Ay 2009-10) (Hearing In Physical Court) Income Tax Officer, Ward Amitbhai Vasantlal Shah No.1(3)(1) Surat, Room No.203, C, Ground Floor, Ravijyot Vs Income Tax Office, Anavil Apartment, Opp. Lourds Business Centre, Adajan-395009 Convent School, Athwalines, Surat-395001 Pan Apxps 3639 J अपीलाथ"/Appellant ""थ" /Respondent

Section 10(38)Section 254(1)Section 271(1)(c)

penalty imposed by the Assessing Officer u/s 271(1)(c) of the I.T. Act in respect of LTG of Rs.3,94,66,218/- treated as business income by disallowing the exemption

DINABEN DILIPKUMAR PATEL,NA vs. ASRIVS.INCOME TAX OFFICER, WARD-2, NAVSARI

In the result, ground related to the credit entry of Rs

ITA 337/SRT/2022[2012-13]Status: DisposedITAT Surat24 Mar 2023AY 2012-13

Bench: Shri Pawan Singh

Section 147Section 148Section 254(1)Section 271(1)(c)

u/s 271(1)(c)] (Physical hearing) Dinaben Dilipkumar Patel, I.T.O., C/o- Hitendra Desai, 48/49, Ward-2, Vs. Bandhan, Patel Nagar Society, Navsari. Chhapra Road, Navsari-396445. PAN No. AAVPP 5860 A Appellant/ assessee Respondent/ revenue Assessee represented by Shri Darshit J Naik, CA & Shri Jairaj M Naik, CA Department represented by Shri Vinod Kumar, Sr. DR Date of hearing 23/03/2023

DINABEN DILIPKUMAR PATEL,NA vs. ARIVS.INCOME TAX OFFICER, WARD-2, NAVSARI, NAVSARI

In the result, ground related to the credit entry of Rs

ITA 69/SRT/2023[2012-13]Status: DisposedITAT Surat24 Mar 2023AY 2012-13

Bench: Shri Pawan Singh

Section 147Section 148Section 254(1)Section 271(1)(c)

u/s 271(1)(c)] (Physical hearing) Dinaben Dilipkumar Patel, I.T.O., C/o- Hitendra Desai, 48/49, Ward-2, Vs. Bandhan, Patel Nagar Society, Navsari. Chhapra Road, Navsari-396445. PAN No. AAVPP 5860 A Appellant/ assessee Respondent/ revenue Assessee represented by Shri Darshit J Naik, CA & Shri Jairaj M Naik, CA Department represented by Shri Vinod Kumar, Sr. DR Date of hearing 23/03/2023

JAYANTILAL AMBARAM PATEL HUF,SURAT vs. ASSISTANT COMMISSIONER INCOME TAX , CIR.2(3), SURAT

In the result, this appeal of assessee is allowed

ITA 327/SRT/2022[2010-11]Status: DisposedITAT Surat06 Feb 2023AY 2010-11

Bench: Shri Pawan Singh(Virtual Hearing) Jayantilal Ambaram Patel Huf, A.C.I.T., 5, Western Seven Seas, Behind Circle-2(3), Vs. Gangeshwar Temple, Opp. Saint Surat. Mark School, Adajan, Surat, Gujarat- 395009. Pan No. Aafhj 0354 R Appellant/ Assessee Respondent/ Revenue

Section 10(37)Section 254(1)Section 271(1)(c)

271(1)(c) of the Act ignoring that appellant neither concealed income nor furnished inaccurate particulars of income. 2. The ld. CIT(A) erred in law and on facts confirming penalty levied by AO merely on the basis of disallowance of the claim U/s 10(37) of the Act ignoring that the appellant had disclosed complete details with relevant documents

DINESHBHAI MULACHANDABHAI PATEL,SURAT vs. ITO, WARD 2(3)(1), SURAT

In the result, the appeal of the assessee is allowed

ITA 1371/SRT/2024[2013-14]Status: DisposedITAT Surat17 Oct 2025AY 2013-14

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1371/Srt/2024 Assessment Year: 2013-14 (Hybrid Hearing) Dineshbhai Mulachandabhai Income Tax Officer Ward-2(3)(1), बनाम/ Patel Surat, Aaykar Bhawan, Majura Vs. Patidar Faliyu, Bhestan Gam, Gate, Surat-395 001 Choryasi, Surat- 395 023 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Bispp 4863 K (अपीलाथ"/Appellant) (""थ" /Respondent) िनधा"रती की ओर से /Appellant By Shri P.M. Jagasheth, Ca राज" की ओर से /Respondent By Shri Ajay Uke, Sr-Dr सुनवाई की तारीख/Date Of Hearing 29/07/2025 उद्घोषणा की तारीख/Date Of Pronouncement 17/10/2025

Section 142(1)Section 144Section 147Section 148Section 149(1)Section 250Section 271(1)(c)Section 50C

penalty u/s 271(1)(c) r.w.s.274 of the Income Tax Act, 1961 7. It is therefore prayed that the above addition may please be delete as learned Members of the Tribunal may deem it proper. 8. Appellant craves leave to add, alter or delete any ground(s) either before or in the course of the hearing of the appeal

SUKHABHAI DAYALBHAI PATEL,SURAT vs. ITO, WARD 2(3)(6), SURAT

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 1120/SRT/2024[2012-13]Status: DisposedITAT Surat01 Aug 2025AY 2012-13

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, ARFor Respondent: Shri Ajay Uke, Sr. DR
Section 271(1)(c)Section 50CSection 54B

u/s. 271(1)(c) of the Income Tax Act, 1961. 3. It is therefore prayed that the above penalty may please be deleted as learned members of the tribunal may deem it proper. Sukhabhai Dayalbhai Patel vs. ITO Asst. Year – 2012-13 - 2– 4. Appellant craves leave to add, alter or delete any ground(s) either before

KRISTINA NATHABHAI KRICHCHAN,SURAT vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(3), SURAT

In the result, appeal filed by the assessee is allowed

ITA 349/SRT/2022[2016-17]Status: DisposedITAT Surat26 Jun 2023AY 2016-17

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.349/Srt/2022 "नधा"रण वष"/Assessment Year: (2016-17) (Physical Hearing) Kristina Nathabhai Krichchan, Vs. The Dcit, Circle-2(3), 2/4, Zankhana Apartment, Surat. 21 Narmad Nagar Society, Athwalines, Surat – 395001. (Assessee) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Dwipk2888D Assessee By Shri P. M. Jagasheth, Ca Respondent By Shri Ashok B. Koli, Cit(Dr) 10/05/2023 Date Of Hearing Date Of Pronouncement 26/06/2023

Section 142(1)Section 143(2)Section 143(3)Section 271(1)(c)Section 271FSection 54B

exemption contemplated u/s 54 was clearly attracted.' 8. We may further like to add here that if capital gains are deemed to have been earned by the assessee on transfer of land as per the provisions of Section 2(47) of the Act, as per which the registration of the sale deed is not necessary, the consequences are that

SHRI NATHALAL D. DADHANIA,NA vs. ARIVS.INCOME TAX OFFICER, WARD-4, NAVSARI

In the result, this appeal of assessee is allowed for statistical purposes only

ITA 29/SRT/2022[2009-10]Status: DisposedITAT Surat30 Jun 2023AY 2009-10

Bench: Shri Pawan Singh(Physical Hearing) Shri Nathalal D. Dadhania, I.T.O., At & Post Donja, Tal: Chikhli, Ward-4, Vs. Navsari-396521. Navsari. Pan No. Anppd 2418 M Appellant/ Assessee Respondent/ Revenue

Section 147Section 148Section 254(1)Section 271(1)(c)Section 54

penalty proceedings u/s 271(1)(c) of the Income Tax Act, 1961. 6. On the facts and in the circumstances of the case as well as law on the subject, the ld. CIT(A) has not provided the ample opportunities to hear the case, hence the case may please be allowed and set aside to the CIT(A), Surat

RAJENDRAKUMAR ICHUBHAI KOTHARI,BHARUCH vs. ITO, WARD-1(1), BHARUCH

In the result, quantum appeal of the assessee in ITA No

ITA 836/SRT/2025[2013-14]Status: DisposedITAT Surat09 Mar 2026AY 2013-14

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं /Ita Nos.835/Srt/2025 आयकर अपील सं /Ita Nos.836/Srt/2025 िनधा"रण वष" /Assessment Year : 2013-14 Rajendrakumar Ichubhai The Ito बनाम/ Kothari Ward-1(4) V/S. 2 119 Parkhetiafaliyu Kervada Bharuch – 356 069 Amod Bharuch Bharuch – 392 025 "थायी लेखा सं./Pan: Cfupk 6177 B (अपीलाथ(/ Appellant) (!) यथ(/ Respondent) Assessee By : Shri Surendra Modiani, Ca Revenue By : Shri Ajay Uke, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 10/12/2025 घोषणा की तारीख /Date Of Pronouncement: 09/03/2026 आदेश/O R D E R Per Sanjay Garg: The Present Two Appeals Have Been Preferred By The Assessee Against The Separate Orders Of The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As ‘Cit(A)’] Dated 11/06/2025 (Quantum Appeal) & 12/06/2025 (Penalty Appeal) Passed U/S.250 Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) For The Assessment Years (Ays) 2013-14. Ita Nos.835 & 836/Srt/2025 Rajendrakumar Ichubhai Kothari Vs. Ito Asst. Year : 2013-14

For Appellant: Shri Surendra Modiani, CAFor Respondent: Shri Ajay Uke, Sr.DR
Section 139Section 147Section 148Section 250Section 271(1)(c)Section 56

exempt. Further, there are other 4 co-owners of the said agriculture land. However, the assessee has stated that to purchase peace of mind, an amount of Rs.7,47,975/- (as per his share in the property) has been offered for taxation. It is further stated by the assessee remaining amount of Rs.22,43,926/- pertained to other co-owners

RAJENDRAKUMAR ICHUBHAI KOTHARI,BHARUCH vs. ITO, WARD-1(1), BHARUCH

In the result, quantum appeal of the assessee in ITA No

ITA 835/SRT/2025[2013-14]Status: DisposedITAT Surat09 Mar 2026AY 2013-14

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं /Ita Nos.835/Srt/2025 आयकर अपील सं /Ita Nos.836/Srt/2025 िनधा"रण वष" /Assessment Year : 2013-14 Rajendrakumar Ichubhai The Ito बनाम/ Kothari Ward-1(4) V/S. 2 119 Parkhetiafaliyu Kervada Bharuch – 356 069 Amod Bharuch Bharuch – 392 025 "थायी लेखा सं./Pan: Cfupk 6177 B (अपीलाथ(/ Appellant) (!) यथ(/ Respondent) Assessee By : Shri Surendra Modiani, Ca Revenue By : Shri Ajay Uke, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 10/12/2025 घोषणा की तारीख /Date Of Pronouncement: 09/03/2026 आदेश/O R D E R Per Sanjay Garg: The Present Two Appeals Have Been Preferred By The Assessee Against The Separate Orders Of The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As ‘Cit(A)’] Dated 11/06/2025 (Quantum Appeal) & 12/06/2025 (Penalty Appeal) Passed U/S.250 Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) For The Assessment Years (Ays) 2013-14. Ita Nos.835 & 836/Srt/2025 Rajendrakumar Ichubhai Kothari Vs. Ito Asst. Year : 2013-14

For Appellant: Shri Surendra Modiani, CAFor Respondent: Shri Ajay Uke, Sr.DR
Section 139Section 147Section 148Section 250Section 271(1)(c)Section 56

exempt. Further, there are other 4 co-owners of the said agriculture land. However, the assessee has stated that to purchase peace of mind, an amount of Rs.7,47,975/- (as per his share in the property) has been offered for taxation. It is further stated by the assessee remaining amount of Rs.22,43,926/- pertained to other co-owners

GIRDHARBHAI HARIBHAI GAJERA,SURAT vs. ITO(INTERNATIONAL TAXATION), SURAT

In the result, additional grounds raised by the assessee is allowed

ITA 143/SRT/2019[2015-16]Status: DisposedITAT Surat22 Feb 2023AY 2015-16

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकर अपील सं./Ita No.143/Srt/2019 (िनधा"रणवष" / Assessment Year: (2015-16) (Physical Court Hearing) Girdharbhai Haribhai Gajera Income Tax Officer 1,Vrushal Nagar, Opp. (International Taxation), 107, 1St Vs. Ktargam Police Station, Floor, Anavil Business Centre, Katargam Road, Surat-35004 Adajan-Hazira Road, Opp. Star Bazar, Adajan, Surat-395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abepg 7339 M (Assessee ) (Respondent)

For Appellant: Shri Hiren R.Vepari, C.AFor Respondent: Shri Vinod Kumar, Sr-D.R
Section 142(1)Section 143(2)Section 143(3)Section 2(14)Section 271Section 45(2)

Penalty notice u/s. 271(l)(b) was also issued on 08.09.2017. The assessee with other persons have transferred two non- agricultural land to Shanti Integrated Textile Park Pvt. Ltd. and Assessee’s share was Rs.2.28,72,600. The assessee has not offered any capital gain or business income on sale of above land. The assessee vide letter dated 22nd December

SHREE GANESH KHAND UDHYOG,,BHARUCH vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, BHARUCH

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 248/SRT/2018[2014-15]Status: DisposedITAT Surat29 Sept 2020AY 2014-15

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 234ASection 271Section 37

penalty proceedings u/s 271(l)(c) of the Act is unjustified.” ITA 1190/AHD/2017/AY.2012-13/249 & 248/SRT/2018/2013-14 & 2014-15 Shree Ganesh Khand Udhyog Sahakari Mandli 2. Brief facts of the case are that the assessee is a Cooperative Society is running Cooperative Sugar Mill engaged in production of sugar and its bye-products. The assessee filed its return of income for AY.2012-13